Dec 6, 2012 3:00pm PST
. including our healthcare entitlement program. jay carney went so far to compare republican pressure on debt creeling to hostage taking. >> this is a profoundly bad idea that i think could not be more frightening for american businesses. and american workers. >> of course, treasury secretary geithner it go may have also frightened people yesterday. by telling cnbc the white house is prepared to go off the fiscal cliff, unless the republicans bend on taxes. comment by former democratic presidential candidate howard dean frightened republics that this debate is not just about raising taxes on the rich. >> the truth is, even needs to pay more taxes. not just the rich. that is a good start. we are not getting out of the deficit problem unless we raise taxes across the board and go back to what bill clinton have. >> some liberals pushed the president to raise the debt ceiling himself, claiming he has executive power through the 14th amendment. jay carney reveals today the white house studied that, does not believe the president has the power. that means we are headed for another major sho
Dec 4, 2012 3:00pm PST
proposed to limit not eliminate charitable deduction for wealthy to pay for healthcare reform. >> there is very little evidence that has impact on the charitable giving. >> he continues to make the case. they have anchors an pundit, a visit from the primetime line-up, including rachel maddow, ed shorts and adrianna huffington. they talk about the importance of preserving the middle class tax cut. >> bret: not every democrat on board with president obama proposal. emanuel has that story. >> democrats won't agree to it. obama wouldn't sign a bill. >> they blast the house republican plan it's not likely that president obama will get to sign his own fiscal cliff plan since the republicans and democrats don't like it. the measure was defeated 99-nothing. west virginia senator says that both sides aren't going far enough when it comes to cuts. >> they are lower than what everyone says we need. all economists say we need minimum of $4 trillion or greater swing. >> i don't know how we got off-track of what we need to fix this. >> it will be tough for the 20 senate democrats facing re-election.
Dec 3, 2012 3:00pm PST
healthcare barnyard again and again, about how you can't spend that money twice. and how medicare actuary said that. the $716 billion. you can either use it to shore up medicare or use it to pay for obamacare. >> right. right. but the fact is the position that mitt romney took as a presidential candidate was to put all of those costs back in to medicare. which would have meant it went insolvent eight years sooner. >> bret: but we're not talking about romney anymore. we're talking what about you'll do to find a solution going forward. >> i know we're not talking about romney. we're talking about the house proposal now. the question number one are they saying we should keep $716 billion in savings? which a lot said we shouldn't. that is important to know. then we can look at the other savings. the big difference between the way the president proposed to deal with the medicare and republicans. the republican plan, their definition of reform is pass rising healthcare cost to back of seniors. you can modernize to change incentive and move to system not free for service. focuses on the value of
Nov 30, 2012 3:00pm PST
. " >>> we told you earlier there is little reported progress in budget negotiations. healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax on investment income and reduced deductions for those of all incomes. >> this is not an incon quincable thing. you are -- incon consequencial thing. >> those affected most will the small businesses many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of the bush tax cut and tax increases under obamacare. almost 60% increase in tax on investment. >> entrepreneurs with small businesses, certain number of workers now they will be facing a four or five, 10% point increase in the